The Benefits of Statement Reconciliation

  • Removes up to 90% of manual effort required to reconcile supplier statements.

  • Automatically reveals missing invoices, payments, open credits, overpayments, and invoice discrepancies.

  • Flexible assignment of resolution tasks by supplier groups, action required, or variance type.

  • Automated workflows enable users to act on anomalies and address discrepancies quickly. Enhances supplier relationships and alleviates past due balances.

  • Provides full audit traceability including source documents, log of changes made, and snapshots of reconciled ledgers.

  • Streamlines supplier communication to expedite resolution of variances.

If you would like to read more about how DataShark Statement Reconciliation can help your business, check out the full data sheet.